Morocco’s Imports Drop 5.7% and Exports 0.8% in Q2 2025, Official Data Shows Morocco’s Imports Drop 5.7% and Exports 0.8% in Q2 2025, Official Data Shows

This drop was driven by a sharp 19.2% fall in energy costs and a 25% plunge in raw agricultural products, according to the High Commission for Planning.

Mohammedia – Morocco’s foreign trade indices (ICE) show a general decline in both imports and exports between April and June 2025. The figures, published by the High Commission for Planning, highlight how lower energy and industrial costs played a key role in this downward trend.

Imports were hit the hardest, with the overall unit value index falling from 111.1 in Q2 2024 to 104.8 in Q2 2025, a 5.7% decrease. The sharpest drop was seen in energy and lubricants, which plunged by 19.2%. Other notable decreases included:

Finished consumer goods: -6.0%
Industrial equipment goods: -4.9%
Semi-finished products: -4.4%
Agricultural equipment goods: -21.0%
Food, beverages, and tobacco: -1.7%
Raw animal and vegetable products: -4.5%

One exception was raw mineral products, which surged by 52.9% year-over-year, helping to soften the overall import decline.

Exports show mixed performance

On the export side, the overall unit value index dropped slightly, from 118.1 in Q2 2024 to 117.1 in Q2 2025, a decline of 0.8%.

The fall was mainly due to:

Industrial equipment goods: -5.8%
Finished consumer goods: -2.1%
Raw mineral products: -11.0%
Raw animal and vegetable products: -25.0%
Energy and lubricants: -12.1%
Agricultural equipment goods: -12.4%
Food, beverages, and tobacco: -0.9%

However, semi-finished products recorded a strong increase of 9.8%, which cushioned the overall decline in export values.

The trends reflect how international price movements, particularly in energy markets, continue to affect Morocco’s trade balance. The decline in import prices, especially for oil and lubricants, signals some relief for the country’s import bill.

At the same time, weaker prices for key export categories like raw agricultural and mineral products show the vulnerability of Morocco’s exports to global market shifts.

While the fall in import costs can help reduce pressure on the trade deficit, the slowdown in export unit values highlights ongoing challenges for Moroccan producers competing in international markets.